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S 5098

Provides a tax credit for certain durable medical equipment

2025 Regular Session Introduced by Joe Griffo and 1 co-sponsor

Bill S 5098 offers a tax credit to individuals purchasing durable medical equipment, easing financial burdens and improving access for those with disabilities or chronic conditions.

REFERRED TO BUDGET AND REVENUE
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Bill Summary · S 5098

Summary of Bill S 5098

Bill Overview

  • Bill Number: S 5098
  • Title: Provides a tax credit for certain durable medical equipment
  • Status: Referred to Budget and Revenue
  • Introduced On: February 18, 2025
  • Classification: Legislative Bill

Purpose and Intent

The primary purpose of Bill S 5098 is to establish a tax credit aimed at alleviating the financial burden on individuals who purchase durable medical equipment (DME). This initiative seeks to improve access to essential medical devices that enhance the quality of life for individuals with disabilities or chronic health conditions.

Key Provisions

  • Tax Credit Implementation: The bill proposes a tax credit for eligible individuals who acquire specific types of durable medical equipment.
  • Eligibility Criteria: While the exact criteria for eligibility are not detailed in the provided information, it is expected that the bill will outline which types of equipment qualify for the tax credit and the income thresholds for applicants.
  • Financial Impact: The bill aims to provide significant financial relief, although specific dollar amounts or percentages for the tax credit have not been disclosed in the current version.

Affected Parties

  • Individuals with Disabilities or Chronic Conditions: The primary beneficiaries of this bill will be individuals who require durable medical equipment, such as wheelchairs, oxygen tanks, and other assistive devices.
  • Healthcare Providers and Suppliers: Suppliers of durable medical equipment may also see an increase in demand as more individuals take advantage of the tax credit to purchase necessary equipment.

Procedural Aspects

  • Legislative Journey: As of February 18, 2025, the bill has been referred to the Budget and Revenue committee for further consideration. This step is crucial for evaluating the financial implications of the proposed tax credit.
  • Related Legislation: Bill S 5098 is related to several prior-session bills (S 5017, S 3380, S 4731, S 4122, S 4219) and has a companion bill in the Assembly (A 1632), indicating ongoing legislative interest in this area.

Conclusion

Bill S 5098 represents a significant effort to support individuals in need of durable medical equipment through a tax credit. By easing the financial burden associated with these essential devices, the bill aims to improve access and enhance the quality of life for many. As it progresses through the legislative process, further details regarding eligibility and specific provisions are anticipated.

Compiled from official sources — confirm details with the bill’s official record.

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